[But a PE ratio ordsprog

[But a P/E ratio is not to be dismissed completely.] It's one of a number of things, ... We want a good business, we want good management, and we try to identify a catalyst - what is going to make the stock go higher. Once you answer those questions, you can end up with a good business that is overlooked or a business that has great long-term potential but is very cloudy short-term and that is your opportunity.

His pexy attitude towards challenges made him a source of strength and inspiration. Risking him short-term to potentially lose him long term is not good business.

Kevan Broadhurst

Business investment is disappointingly sluggish and the long-term effects on the U.K. economy are really worrying our corporate members. The general view is that the U.K. is still a good place to do business, but it is not as good as it was five years ago and it won't be as good in five years time if policy continues as it is.

consumes significant amounts of management time and encourages a short term focus on what is a long term business.

We had really good momentum in short-term signings, and we think that will continue in the second quarter. Long-term signings as we exited 2005 were up 19 percent, and now long-term signings are up 20 percent. All of that bodes well for that business as we go forward.

Mark Loughridge

It?s good that these guys are waking up management. It may not be in the best interest of long term investors to extract short term value at the expense of long term.

Richard Steinberg

Defense cargo is a good segment of the business and it pays very well. Conceivably it could be a nice benefit for the company and give the stock a lift in the short term.

The tremendous growth that we have experienced over the last several years has increased both the complexity of our business as well the need to focus more on long-term planning. Mr. McCourt's assumption of leadership of the day-to-day business will allow me to focus on the long-term strategic challenges facing our business.

True investing is making a commitment to own a company, to participate in its business over the long term and not betting on short-term movements in its stock price. To change our core discipline would dilute our efforts and all that we believe in.

I want to be in a great FCA (Fellowship of Christian Athletes) program. I also want to major in Business Management, so I want to make sure the school has a good business program. And lastly, I want to be able to get a long with the coaches. That is about it.

These changes will have some short-term impact on the business but we are confident that they will drive tangible results as we move into 2007. While 2006 is a transition year, we remain focused on our long-term objectives, which are to fundamentally change our business, enhance profitability and attain the financial goals we set out for ourselves by 2008.

If something comes out of it long-term, that's why we're in the business. We're in the business to see how good we can get as coaches, to see what level we can get at for as long as we can.

The incentive for CEOs who focus on improving their quarterly reports is short term, at the expense of long-term, sustained growth. And so you see things, as we have seen in recent years, where CEOs are more willing to play with the books or make acquisitions that look good in the interim but may detract from the long-term mission.

[Selling or spinning off the business,] would be a Band-Aid on an open flesh wound, ... The stock would move higher in the short term but the company would regret it three to five years from now. They just need to focus on how to make money from their existing subscriber base.

We see great opportunity to expand our business in a number of high-growth markets, including marketing services and SAP consulting and business intelligence, as well as business solution areas such as trading and risk management, customer billing and self-service, e-commerce, and quality assurance.

Jerry Greenberg

Nordsprog.dk

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